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Run effort - PowerPoint PPT Presentation

Chapter 10

Chapter 10. Executive Compensation. Chapter 10 Executive Compensation. 10.2 Are Incentive Contracts Necessary?. No: Fama (1980) Forces of reputation on managerial labour market enough to motivate manager to work hard Assumes managerial labour market works well Yes: Wolfson (1985)

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Run effort - PowerPoint PPT Presentation

Chapter 10